If an amount of the value of collateral exceeds a set amount, the bail bond agent must send this amount to the surety company. What is this sum?

Group of answer choices

$1,000

$5,000

$10,000

$50,000

Flag question: Question 6

What is the basic purpose of accepting collateral or indemnity?

Group of answer choices

to enrich the bail bond agent

to cover costs of arresting the defendant

to cover the cost of investigation of the defendant

to ensure the defendant's appearance in court

Flag question: Question 7

What would happen to a bail bond agent's license if he or she were charged with a felony?

Group of answer choices

Nothing, so long as he or she keeps fees paid.

He or she will only have to go to jail, but can write bonds from the jail premises.

The Department of Financial Services would take action against his or her license.

The Department of Financial Services would simply send him or her a warning letter.

Flag question: Question 8

In the bonding process, Governor Rick Scott would be known as __________.

Group of answer choices

the obligee

the obligor

the surety

the custodian

Flag question: Question 9

Which of the following is NOT one of the elements of fraud?

Group of answer choices

David lies to Sammy intentionally.

Sammy believes David's statement.

Sammy is financially damaged as a result of David's actions.

David is not damaged as a result of his own actions.

Flag question: Question 10

A defendant must appear before a committing magistrate within 24 hours of his or her arrest. This appearance is generally known as __________.

Group of answer choices

the first appeal

the first appearance

the first notice

sui juris